Category Archives: Cybersecurity

Regulators Should be More Prescriptive About the Quantification of Cyber Risks

By | September 5, 2019

Courtesy of Mete Feridun* Although operational risk capital requirements drive a substantial proportion of banks’ capital requirements, quantification of cyber incidents still represent a relative “backwater” of the ever-evolving global regulatory framework. Surprisingly, the new “Basel IV” operational risk framework does not include any specific reference to cyber risks. While regulators expect firms to integrate… Read More »

A New Source of Systemic Risk: Cloud Service Providers

By | August 8, 2019

Courtesy of David Fratto and Lee Reiners Last week’s announcement that a hacker accessed the personal information of approximately 106 million Capital One card customers and applicants has cast fresh light on financial institutions increasing reliance on the cloud. The hacker, a former employee of Amazon Web Services Inc., allegedly breached Capital One’s firewalls to… Read More »

Cybersecurity for American Families: A 10-Step Data Security Guide for the People You Love

By | April 15, 2019

Courtesy of Mary Wang For the past several months, I have been working on an interdisciplinary team of students and faculty at Duke that explored the ways in which data breaches and the misappropriation of personal information can harm ordinary consumers. This issue matters because recent breaches have affected nearly every American, many of whom have had… Read More »